Staffing improvements and reimbursement shifts are paving Addus HomeCare’s (NASDAQ: ADUS) growth path this year. That path will divert more toward home health and personal care – and less in the direction of hospice – as 2023 progresses. Addus’ more than 33,000 employees serve around 46,500 patients across roughly 200 locations nationwide. The company added […]
Efficiency will be the name of the game at the Pennant Group (NYSE: PNTG) as the company works to offset labor pressures and a challenging reimbursement environment. Pennant is leveraging technology to combat persistent workforce shortages and elevated turnover spurred during the pandemic. Providers have increasingly sought methods for streamlining clinical teams’ administrative tasks, for […]
Chemed Corp. (NYSE: CHE) subsidiary VITAS Healthcare is banking on improved recruitment and retention to spur upward movement on patient census, admissions and length of stay. The company is leveraging two interventions implemented last year to build forward momentum, its Community Access Initiative and its recruitment and retention bonus program, according to VITAS President and […]
Wheels of change are in motion at Amedisys (NASDAQ: AMED) as CEO Paul Kusserow begins his second term at the helm. For starters, the company is going full-speed ahead on palliative care, delivered through its subsidiary Contessa Health. Amedisys yesterday announced a partnership with BlueCross BlueShield of Tennessee to cover those services, as well as […]
Enhabit Inc., (NYSE: EHAB) is seeing forward momentum on the workforce front as health care labor shortages persist nationwide. The Dallas-based home health and hospice provider is starting to see some payoff from the groundwork the company began laying last year following its spinoff from Encompass Health (NYSE: EHC). This includes the addition of Chief […]
Humana, Inc., (NYSE: HUM) has tapped Dr. Sanjay Shetty to become president of its health care services business, CenterWell. Shetty’s appointment continues a reorganization that the insurance giant undertook last year that arranged its business into two segments, insurance and CenterWell. The latter contains the former home health assets of Kindred at Home, of which […]
Through acquisitions and contracts with providers, more payers are going all-in on home-based care. The quest for cost reductions, often through risk-based models, is leading a rising number of insurance companies and other payers to make (sometimes) huge investments in the space. Among them is UnitedHealth Care (NYSE: UNH). These investments underscore the rising profile […]
The Walgreens-Boots Alliance (NASDAQ: WBA) will focus on smaller tuck-in transactions in 2023 as opposed to the multi-billion dollar deals the company pursued in 2022. Last year, WBA poured money into health care provider investments and acquisitions, including the home-based care platform CareCentrix, Inc. and VillageMD. Those companies both provide palliative care in addition to […]
Aveanna Healthcare Holdings, Inc.’s (NASDAQ: AVAH) hospice and home health segments saw small jumps in the third quarter, but these lagged behind the company’s growth targets. The end of this year’s Q1 marked Aveanna’s first year as a publicly traded organization. Founded in 2017, the company launched a $458.8 million initial public offering (IPO) last […]
The Pennant Group (NASDAQ: PNTG) expects emerging rebounds in skilled nursing and assisting living — and its pipeline of forthcoming acquisitions — to offset the impact of continuing labor headwinds. The company reduced its guidance for calendar year 2022 in the wake of falling hospice lengths of stay, rising wages, the return of Medicare sequestration, […]
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